Newcrest Mining Ltd NCMGF

RE:Big Volume on the TSX

[goindeeper]

425 500 shares by RBC may just be a cross trade.

Recent Trades - Last 10 of 2873

Time ET	Ex	Price	Change	Volume	Buyer	Seller	Markers
16:41:25	T	6.22	-0.33	1	2 RBC	2 RBC	K
16:40:55	T	6.22	-0.33	425,500	2 RBC	2 RBC	KS
16:00:00	T	6.22	-0.33	700	39 Merrill Lynch	53 Morgan Stanley	KQ
16:00:00	T	6.22	-0.33	200	1 Anonymous	53 Morgan Stanley	KQ
16:00:00	T	6.22	-0.33	200	1 Anonymous	53 Morgan Stanley	KQ
16:00:00	T	6.22	-0.33	100	79 CIBC	53 Morgan Stanley	KQ
16:00:00	T	6.22	-0.33	1,500	72 Credit Suisse	53 Morgan Stanley	KQ
16:00:00	T	6.22	-0.33	3,100	72 Credit Suisse	53 Morgan Stanley	KQ
16:00:00	T	6.22	-0.33	700	72 Credit Suisse	15 UBS	KQ
16:00:00	T	6.22	-0.33	3,600	72 Credit Suisse	53 Morgan Stanley	KQ

The Market on Close orders situation is more difficult because this is the first time I ran into it. I don`t know if it was the bid or ask that was hit, but since almost all the selling that I can see was by Morgan Stanley, I`d say they wanted to get out and had an MOC order to hit the bid.

Investopedia explains 'Market-On-Close Order - MOC'

This is an order entered sometime during the day that grants discretionary power to the trader, so that, as near as possible to the end of the trading day, a market order will be executed. MOC orders are sometimes used as a limit order qualifier, making the limit order a MOC order if the limit wasn't reached earlier in the day. In addition, MOC orders allow investors to buy or sell a stock that might move drastically before the next morning's open - perhaps as the result of a known after-hours earnings announcement or news story. On the negative side, some traders believe that MOC orders, by virtue of the buying/selling pressure they create, cost traders a tick or two.

Turned2Gold wrote: Can anyone explain that big trade at 4:00pm on the TSX and the huge jump in daily volume?